... Dom.RF Key Context The Russian Ministry of Finance has announced plans for the capital market: two government stake SPOs are expected next year, and in 2025, there may be another privatization transaction in addition to the already announced IPO of ... ... long-term holders. Narrowing of Spreads: growth in competition among market makers. Pricing Factors Macroeconomic Conditions: inflation, key interest rate, liquidity availability. Industry Trends: tariff policies, demand for infrastructure services, regulations....

... and generation companies, although the government carefully monitors to ensure that tariff policy does not accelerate overall inflation or hinder economic growth. Geopolitics and Energy Resource Trade: Restructuring Global Flows Geopolitical factors continue ... ... the global energy transition continues: renewable energy is achieving record growth, while the coal industry peaks before an expected decline. For investors and companies, this means the need to adapt to new realities: flexibly react to market changes ...

... breaking its own records for “green” electricity. According to the IEA, total investments in the global energy sector are expected to exceed $3 trillion in 2025, with more than half of this amount directed toward renewable projects, grid modernization,... ... retail prices at gas stations have risen by approximately 5% since the beginning of the year, which is close to the overall inflation level. The government intends to prevent a repeat of last year's scenario, when a sharp price increase in certain regions ...

... of the measures taken aims to stabilize prices and prevent fuel shortages for consumers. The extension of the export ban is expected to direct an additional 200,000-300,000 tons of gasoline and diesel to the domestic market in the coming month (approximately ... ... prices, retail prices at gas stations have increased by about 5% since the beginning of the year—close to the general level of inflation. The government intends to avoid a repeat of last year's scenario, when a sharp price hike affected drivers and agricultural ...

... the retention strategy by some miners (like Marathon, Hut 8) and limited new BTC inflows post-halving create conditions for supply shortages, supporting price. Moreover, institutional interest in bitcoin remains high: market sentiment is influenced by expectations for the approval of spot BTC-ETFs in the U.S., investments from funds, and capital influx from traditional investors searching for inflation hedges. These factors may offset miners' sales. Some analysts believe bitcoin has a chance to reach a new all-time high and surpass the $100,000 milestone in the upcoming quarters, especially if optimism resurfaces in the risk asset markets....